Global Parametrics built first generation F^3 for early warning in anticipating and financing crises before they get out of hand to save lives, reduce costs and build resiliency. The F^3 used state-of-the-art data in climate science, High Performance Computing, and robust economic modeling to: (i) give early warning of extreme natural hazard conditions that signal major crop failure across any geography, and; (ii) estimate the price shocks and the associated increase in food insecurity using a general equilibrium model for price and household poverty models. The primary goal with F^3 was to catalyze new financial response solutions for managing food insecurity. A web-based tool will inform stakeholders of
F-cubed project: Forecast and Financing for Famine (F^3)
Early warning analytics to forecast crop shocks and rising food insecurity